[139 Pages Report] The Cloud Field Service Management Market size accounted for USD 903.7 Million in 2016 and is projected to reach USD 2,254.5 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 17.3% during the forecast period.

With the increasing penetration of cloud computing and related technologies, such as Internet of Things (IoT), big data, and serverless architecture, the demand for cloud FSM solutions and services among enterprises is gaining huge traction. The base year considered for this study is 2016 and the forecast period is 20172022.

Objectives of the Study

To describe and forecast the global cloud Field Service Management market on the basis of types, organization size, deployment models, verticals, and regions

To forecast the market size of the 5 main regional segments, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America

To analyze the subsegments with respect to the individual growth trends, prospects, and contributions to the total market

To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

To analyze the opportunities in the market for stakeholders and provide details of competitive landscape for the major players

To profile the key players and comprehensively analyze their core competencies and market positioning

To track and analyze the competitive developments, such as mergers and acquisitions, new product developments, and partnerships, agreements, and collaborations, in the cloud FSM market

The research methodology used to estimate and forecast the cloud Field Service Management market began with capturing data on the key vendor revenues through secondary research via sources such as Cloud Computing Association, Associations for Financial Professionals, and Information Systems Security Association. The vendor offerings were also taken into consideration to determine the market segmentations. The bottom-up procedure was employed to arrive at the overall market size of the global cloud FSM market from the revenues of the key market players. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research, by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the primary profiles is depicted in the below figure:

The cloud Field Service Management market is expected to grow from USD 1,013.2 Million in 2017 to USD 2,254.5 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 17.3% during the forecast period. The demand for cloud computing is driven by many factors, such as cost, flexibility, agility, and security. Cloud FSM combines the know-hows of research and innovation with the complete life cycle of cloud-ready solutions to offer reduced Time-to-Market (TTM) and enhanced operational processes.

The market has been segmented on the basis of types, organization size, deployment models, verticals, and regions. The mobile FSM solution is expected to grow at the highest CAGR during the forecast period, and the scheduling and dispatch solution is estimated to have the largest market size in 2017 in the cloud FSM market. Adoption of cloud services among the Small and Medium-sized Enterprises (SMEs) segment has become an essential part of the business processes, due to the ease of use and flexibility offered by cloud services. The adoption trend is expected to continue in the coming years.

The public cloud deployment model is estimated to have the largest market share in 2017. With the help of cloud FSM solutions, enterprises are developing new and better ways to enhance the operational benefits, while reducing the overall costs. Lower costs and greater efficiency, and the growing adoption of Internet of Things (IoT) are driving the demand for cloud FSM solutions. The enterprises that are adopting cloud FSM solutions are also increasingly inclined toward deploying cloud-based solutions to run their other critical business functions, including finance, Human Resources (HR), operations, and logistics.

North America is estimated to have the largest market share in 2017, whereas the Asia Pacific (APAC) region is projected to grow at the highest CAGR during the forecast period in the cloud FSM market. The increasing need for efficient computing frameworks and the shifting of the workloads to the cloud environment are driving the growth of the cloud FSM market, globally.

The adoption of cloud FSM is increasing in the market, owing to the growing adoption of cloud-based services and the emergence of IoT. However, enterprises face some obstacles while adopting cloud FSM, due to the lack of awareness about cloud FSM solutions and the concerns related to regulatory compliance.

Figure 1 Market SegmentationFigure 2 Market Research DesignFigure 3 Breakdown of Primary Interviews: By Company, Designation, and RegionFigure 4 Data TriangulationFigure 5 Market Size Estimation Methodology: Bottom-Up ApproachFigure 6 Market Size Estimation Methodology: Top-Down ApproachFigure 7 Cloud Field Service Management Market: AssumptionsFigure 8 Market is Expected to Record High Growth During the Forecast PeriodFigure 9 North America is Estimated to Hold the Largest Market Share in 2017Figure 10 Top 3 Segments With the Largest Market Shares of the MarketFigure 11 Emergence of Internet of Things is Expected to Contribute to the Growth of the MarketFigure 12 Public Cloud is Estimated to Have the Largest Market Size in 2017Figure 13 Asia Pacific is Expected to Emerge as the Best Market for Investment in the Next 5 YearsFigure 14 Manufacturing Vertical is Estimated to Have the Largest Market Share in 2017Figure 15 Cloud Field Service Management Market: Drivers, Restraints, Opportunities, and ChallengesFigure 16 Solutions Segment is Expected to Have A Larger Market Size During the Forecast PeriodFigure 17 Scheduling and Dispatch Segment is Estimated to Have the Largest Market Size in 2017Figure 18 Training, Education, and Consulting Segment is Estimated to Have the Largest Market Size in 2017Figure 19 Large Enterprises Segment is Expected to Have A Larger Market Size During the Forecast PeriodFigure 20 Public Cloud Deployment Model is Expected to Have the Largest Market Size During the Forecast PeriodFigure 21 Manufacturing Vertical is Expected to Hold the Largest Market Size During the Forecast PeriodFigure 22 North America is Expected to Have the Largest Market Size During the Forecast PeriodFigure 23 North America: Market SnapshotFigure 24 Asia Pacific: Market SnapshotFigure 25 Cloud Field Service Management Market (Global), Competitive Leadership Mapping, 2017Figure 26 Servicenow, Inc.: Company SnapshotFigure 27 Salesforce.Com, Inc.: Company SnapshotFigure 28 SAP SE: Company SnapshotFigure 29 Oracle Corporation: Company SnapshotFigure 30 International Business Machines Corporation: Company SnapshotFigure 31 Microsoft Corporation: Company SnapshotFigure 32 Astea International Inc.: Company Snapshot

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Growth opportunities and latent adjacency in Cloud Field Service Management Market